Geller Advisors LLC Sells 233 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Geller Advisors LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528 shares of the company's stock after selling 233 shares during the period. Geller Advisors LLC's holdings in MercadoLibre were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Graham Capital Management L.P. grew its holdings in MercadoLibre by 139.2% in the fourth quarter. Graham Capital Management L.P. now owns 586 shares of the company's stock worth $996,000 after purchasing an additional 341 shares during the period. Focus Partners Wealth raised its stake in shares of MercadoLibre by 25.1% in the fourth quarter. Focus Partners Wealth now owns 424 shares of the company's stock worth $721,000 after buying an additional 85 shares during the period. Foxhaven Asset Management LP lifted its stake in shares of MercadoLibre by 11.9% during the 4th quarter. Foxhaven Asset Management LP now owns 218,412 shares of the company's stock valued at $371,397,000 after buying an additional 23,174 shares in the last quarter. Fullerton Fund Management Co Ltd. increased its holdings in MercadoLibre by 113.3% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 576 shares of the company's stock valued at $979,000 after acquiring an additional 306 shares during the last quarter. Finally, Fund 1 Investments LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $6,802,000. Institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the topic of several research reports. Citigroup restated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a report on Tuesday, January 21st. StockNews.com upgraded MercadoLibre from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Susquehanna upped their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,504.67.

MercadoLibre Trading Up 1.2%

MELI traded up $30.22 during trading on Tuesday, reaching $2,534.83. 57,012 shares of the company's stock were exchanged, compared to its average volume of 380,732. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,538.38. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $128.51 billion, a PE ratio of 67.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The firm has a fifty day moving average price of $2,089.82 and a two-hundred day moving average price of $1,984.71.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.78 EPS. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.